CTRM Stock Overview
Castor Maritime Inc., through its subsidiaries, engages in ocean transportation of dry bulk cargoes worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$1.96|
|52 Week High||US$19.50|
|52 Week Low||US$1.53|
|1 Month Change||-13.27%|
|3 Month Change||-12.89%|
|1 Year Change||22.88%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-96.12%|
Recent News & Updates
Castor Maritime - Cheap For A Reason
Reflecting on disappointing share price performance following my upgrade to "speculative buy" in early August. Company reports respectable Q3 results highlighted by decent cash flow from operations. Recent weakness and stellar fleet value appreciation have resulted in the shares now trading at a more than 60% discount to net asset value. A host of China-related issues has impacted charter rates in recent weeks with weakness likely to continue throughout Q1. Medium-term fundamentals of the dry bulk market remain strong. While a trade going into anticipated strong Q4 results in late March could yield decent returns, investors looking for exposure to the dry bulk sector should rather consider dividend-paying quality names like Star Bulk Carriers, Golden Ocean Group, Eagle Bulk Shipping and Genco Shipping & Trading.
There Are Some Holes In Castor Maritime's (NASDAQ:CTRM) Solid Earnings Release
Shareholders were pleased with the recent earnings report from Castor Maritime Inc. ( NASDAQ:CTRM ). However, we think...
Capital Allocation Trends At Castor Maritime (NASDAQ:CTRM) Aren't Ideal
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
|CTRM||US Shipping||US Market|
Return vs Industry: CTRM underperformed the US Shipping industry which returned 56.5% over the past year.
Return vs Market: CTRM exceeded the US Market which returned 21.3% over the past year.
|CTRM Average Weekly Movement||9.5%|
|Shipping Industry Average Movement||8.3%|
|Market Average Movement||5.9%|
|10% most volatile stocks in US Market||15.1%|
|10% least volatile stocks in US Market||2.2%|
Stable Share Price: CTRM is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: CTRM's weekly volatility has decreased from 20% to 9% over the past year, but is still higher than 75% of US stocks.
About the Company
Castor Maritime Inc., through its subsidiaries, engages in ocean transportation of dry bulk cargoes worldwide. It provides seaborne transportation services for dry bulk cargo, including iron ore, coal, grains, steel products, fertilizers, cement, bauxite, sugar, and scrap metals. The company operates three Panamax vessels with a carrying capacity of approximately 76,122 deadweight ton.
Castor Maritime Fundamentals Summary
|CTRM fundamental statistics|
Is CTRM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CTRM income statement (TTM)|
|Cost of Revenue||US$34.47m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.24|
|Net Profit Margin||29.17%|
How did CTRM perform over the long term?See historical performance and comparison
Is Castor Maritime undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CTRM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CTRM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CTRM is poor value based on its PE Ratio (8.3x) compared to the US Shipping industry average (5.4x).
PE vs Market: CTRM is good value based on its PE Ratio (8.3x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CTRM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CTRM is good value based on its PB Ratio (0.6x) compared to the US Shipping industry average (0.9x).
How is Castor Maritime forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Transportation industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Castor Maritime has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Castor Maritime performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTRM has a high level of non-cash earnings.
Growing Profit Margin: CTRM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CTRM's earnings have grown significantly by 81.3% per year over the past 5 years.
Accelerating Growth: CTRM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CTRM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (517.7%).
Return on Equity
High ROE: CTRM's Return on Equity (6.8%) is considered low.
How is Castor Maritime's financial position?
Financial Position Analysis
Short Term Liabilities: CTRM's short term assets ($50.9M) exceed its short term liabilities ($27.5M).
Long Term Liabilities: CTRM's short term assets ($50.9M) do not cover its long term liabilities ($71.1M).
Debt to Equity History and Analysis
Debt Level: CTRM's net debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CTRM's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CTRM's debt is well covered by operating cash flow (32.1%).
Interest Coverage: CTRM's interest payments on its debt are well covered by EBIT (12.5x coverage).
What is Castor Maritime current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CTRM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CTRM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CTRM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CTRM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CTRM's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Petros Panagiotidis (31 yo)
Mr. Petros Panagiotidis has been Chief Executive Officer & Chief Financial Officer at Castor Maritime Inc. since September 2017. Mr. Panagiotidis serves as Chairman, President & Treasurer of Castor Maritim...
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 621%.
Castor Maritime Inc.'s employee growth, exchange listings and data sources
- Name: Castor Maritime Inc.
- Ticker: CTRM
- Exchange: NasdaqCM
- Founded: 2016
- Industry: Marine
- Sector: Transportation
- Market Cap: US$185.436m
- Shares outstanding: 94.61m
- Website: https://www.castormaritime.com
Number of Employees
- Castor Maritime Inc.
- 223 Christodoulou Chatzipavlou street
- Hawaii Royal Gardens
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/26 23:06|
|End of Day Share Price||2021/11/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.